Daily Debrief: What Happened Today
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Temasek posts negative one-year return, portfolio value dips
TEMASEK Holdings on Tuesday reported that its one-year total shareholder return (TSR) had fallen into negative territory to -2.28 per cent for the 12 months ended March 31, 2020, in part due to the sharp market correction in the quarter up to March 31 in response to the onset of Covid-19.
Singapore to ensure it remains as preferred hub for businesses, stays open to global talent
MINISTER for Trade and Industry Chan Chun Sing stressed that Singapore should see itself not just as a gateway to the region but as a critical node in the global value chains of businesses.
Government reviewing Singapore nightlife operators' suggestions to help industry restart
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AREAS being considered include allowing family-themed karaoke joints that serve no alcoholic drinks and observe safe management measures to resume business, and quicker approvals for temporary changes in business licensing.
Employment expectations for Q4 worsen among businesses in Singapore
THE Singapore Commercial Credit Bureau's (SCCB) latest quarterly survey of 200 business owners and senior executives showed the indicator for employment expectations declining to -13.19 percentage points in Q4, from -3.29 percentage points in the previous quarter.
DBS rolls out savings and healthcare solutions for gig workers
THE initiatives include enhancements to DBS's bank-and-earn programme, DBS Multiplier, which makes it easier for those who are self-employed to earn higher interest on their balances.
On-board units for new ERP system to be installed from H2 2021: LTA
THE LTA on Tuesday noted that the existing cordon-based and point-based congestion pricing framework will remain and that ERP rates will continue to be reviewed based on traffic speeds and congestion levels.
The STI today
Singapore shares close 0.3% lower on directionless trading THE Singapore bourse's key Straits Times Index fell 6.45 points or 0.26 per cent to 2,504.76 on Tuesday, as prices by and large drifted to and fro on directionless auto pilot.
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